Rodrigo de Oliveira - Aug 31, 2021 Form 4 Insider Report for Greenlane Holdings, Inc. (GNLN)

Role
Chief Operating Officer
Signature
/s/ Douglas Fischer, as attorney-in-fact for Rodrigo de Oliveira
Stock symbol
GNLN
Transactions as of
Aug 31, 2021
Transactions value $
$0
Form type
4
Date filed
9/2/2021, 07:16 PM
Next filing
Sep 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNLN Class A Common Stock Award +99.4K 99.4K Aug 31, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNLN Option to Purchase Award $0 +12.6K $0.00 12.6K Aug 31, 2021 Class A Common Stock 12.6K $4.41 Direct F3
transaction GNLN Option to Purchase Award $0 +151K $0.00 151K Aug 31, 2021 Class A Common Stock 151K $2.09 Direct F4
transaction GNLN Option to Purchase Award $0 +9.05K $0.00 9.05K Aug 31, 2021 Class A Common Stock 9.05K $2.09 Direct F5
transaction GNLN Option to Purchase Award $0 +20.7K $0.00 20.7K Aug 31, 2021 Class A Common Stock 20.7K $2.09 Direct F6
transaction GNLN Option to Purchase Award $0 +50.9K $0.00 50.9K Aug 31, 2021 Class A Common Stock 50.9K $2.09 Direct F7
transaction GNLN Option to Purchase Award $0 +17.2K $0.00 17.2K Aug 31, 2021 Class A Common Stock 17.2K $1.93 Direct F8
transaction GNLN Option to Purchase Award $0 +43.1K $0.00 43.1K Aug 31, 2021 Class A Common Stock 43.1K $1.93 Direct F9
transaction GNLN Option to Purchase Award $0 +43.1K $0.00 43.1K Aug 31, 2021 Class A Common Stock 43.1K $1.93 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 329,731 shares of common stock of KushCo Holdings, Inc. ("KushCo") pursuant to the Agreement and Plan of Merger, dated as of March 31, 2021, by and among Greenlane Holdings, Inc. ("Greenlane"), Merger Sub Gotham 1, LLC, Merger Sub Gotham 2, LLC and KushCo (the "Merger Agreement"). This number includes 102,653 restricted stock units ("RSUs") that accelerated and vested in full pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each share of KushCo common stock and each KushCo RSU that became fully earned and vested upon closing of the transaction contemplated by the Merger Agreement was converted into the right to receive 0.3016 shares of Greenlane Class A common stock.
F2 On the date immediately prior to the effective time of the merger, the closing price of Greenlane's Class A common stock was $2.61 per share and the KushCo's common stock was $0.694 per share.
F3 Received in exchange for options to purchase 41,667 shares of KushCo common stock at an exercise price of $1.33 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
F4 Received in exchange for options to purchase 500,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
F5 Received in exchange for options to purchase 30,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
F6 Received in exchange for options to purchase 68,750 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
F7 Received in exchange for options to purchase 168,750 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
F8 Received in exchange for options to purchase 57,143 shares of KushCo common stock at an exercise price of $0.58 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
F9 Received in exchange for options to purchase 142,858 shares of KushCo common stock at an exercise price of $0.58 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
F10 Received in exchange for options to purchase 142,858 shares of KushCo common stock at an exercise price of $0.58 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.